That's conventional wisdom... which is almost always wrong. Sorry to say.

When the foreigners stop buying our paper, our addiction to deficit spending will have to come to an end... unless we just print money. If we do that, all we'll get is inflation and even if the DOW hits 50,000, the money made will not represent much of an increase.

Some certificates look interesting, maybe you can paper your walls with them.

Larry Miller

----- Original Message -----

From: Leland F. Jackson, CPA

To: ProFox Email List

Sent: Tue, 11 Nov 2008 18:35:59 +0000 (UTC)

Subject: Re: [OT] Dow Jones Continues Obama Slide

The stock market topped out with the DJ IA a little over 14,000, before

it started its slide. I wouldn't be surprised to see the DJ IA go to

7,000, losing half its previous highs. The DJ IA is made up of 30 blue

chip corporate stocks, (eg .http://nyjobsource.com/djia.html ). I'm

guessing the average portfolio will likewise lose half its previous

highs, before we hit bottom, but some portfolios will do better and

other worse.

All the losses are paper loses, unless the stock is actually sold, so

I'm going to hold on to my stocks, selling as little as possible while

the market is down. Also, I'll invest as much as I can right now, while

stocks are down, then when the market recovers, I can splurge and enjoy

some of my gains. I'm strictly a long term investor. Right now the

DJIA is at 8,628.25 down 242.29 or 2.73% for the day. Over the next 10

to 15 years years the DJIA will probably go to 28,000.

Regards,

LelandJ

Michael Madigan wrote:

> Down almost 1000 Points since election day.

>

> http://finance.yahoo.com/q?s=%5EDJI

>

> *************************************************

> Barack Obama is not My President

>

> http://www.cafepress.com/rightwingmike

>

>

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